Aussie dollar climbing… is the iron ore trade back on?
Simandou, one of the world’s most significant iron ore developments, is set to challenge the Pilbara’s dominance soon.
Brazilian miner Vale SA said on Friday it is in advanced talks to sell the companies that compose its Center-West system.
The companies, which produce iron ore and manganese ore, accounted for $110 million in adjusted EBITDA in 2021.
The potential sale is in line with Vale’s strategy to focus on core businesses and growth opportunities, the miner said in a securities filing.
(By Carolina Pulice and Peter Frontini; Editing by Chris Reese)
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